Thursday, 15 January 2015

The SNB on the move

and it certainly caught a lot of people on the wrong foot. However, with the ECB about to embark upon a full-blown QE Program, it didn't make too much sense for the Swiss to stand there and fill their pockets unnecessarily with overly-expensive Euros. There will certainly be a period of "price sticker shock" and hopefully that won't be so long or so painful. Things will begin to move again when the ECB starts pushing Euro rates with some force... it does still remain to be seen where the CHF will end up after all of that.
Had a good catch-up with Paul today and we are going to organise another trip to one of those dark places to take some photos... that will be fun as always.

Tune of the Day:  Roger Over    by  Klopfgeister

No comments: